Changes in Group Structure: Disposals

Question 1

What are the three possible situations where control is lost as a result of a disposal?

Answer 1

1. Full disposal
2. Partial disposal where\ significant influence is retained
3. Partial disposal where no significant influence is retained

Question 2

What two accounting standards should be considered in a disposal?

Answer 2

IAS 1 - Presentation of Financial Statements

IFRS 5 - Assets Held for Sale and Continued Operations